The global commercial aircraft autopilot system market to grow at a CAGR of 4.55% over the period 2014-2019.

The report includes the present scenario and the growth prospects of the global commercial aircraft autopilot system market for the period 2015-2019. The report provides a global overview, market segmentation by component, and growth prospects by region (the Americas, APAC, and EMEA). The report also includes the market landscape and a corresponding detailed analysis of the prominent vendors. In addition, the report discusses the major drivers influencing market growth, outlines the challenges faced by vendors and the market as a whole, and identifies the key trendss in the market. The report includes a discussion on the key vendors operating in this market.

There is a growing demand for autopilot landing systems in the market. Autopilot landing systems enable secure landing of aircraft during adverse climatic conditions and limited visibility. The system is frequently used for airports that have dense snow, rain, or fog issues. An aircraft can be effectively monitored by the autopilot with the use of a computer in a landing system, which measures the heading, altitude, airspeed, and distance and ensures safe landing of the aircraft.

According to the report, there has been an increase in the number of aircraft fleet with growing demand for air travel. In 2014, there were more than 20,000 aircraft in service globally, which would double in the next 20 years. Emerging regions like Asia and the Middle East will likely have more than 17,000 aircraft delivered by 2034. An increase in the number of aircraft would simultaneously result in growth of the autopilot system market.

Further, the report states that the high cost of installation of autopilot systems is a major challenge for airlines, since the industry has a low profit margin.